The question I have is: Why would an investor deliberately choose to lose money? But that’s precisely what’s happening now with inflation where it is.
Earlier I shared with you that when it comes to President-elect Donald Trump, the media takes him literally but not seriously. His supporters, on the other hand, take him seriously but not always literally.
It finally happened. For the first time since 2008, the Organization of Petroleum Exporting Countries (OPEC) agreed to a crude oil production cut last week, renewing hope among producers and investors that prices can begin to recover in earnest after a protracted two-year slump, one of the worst in living memory.
As I often say, every asset class has its own DNA of volatility, which is measured by standard deviation.
There’s no other way to say it: Gold had a bad week. Last Tuesday alone, the yellow metal fell more than 3 percent, shuffling off $43, in its biggest one-day loss in three years.
Nineteen years ago, South Korea came precipitously close to bankruptcy.
This week I attended the Denver Gold Forum along with three other U.S. Global Investors representatives, including our resident precious metals expert Ralph Aldis.
The consumer price index (CPI), a measure of inflation, came in hotter than expected Friday, registering 2.3 percent year-over-year in August on expectations of 2.0 percent.
The only people buying that early were quants and huge hedge funds. The question, then, was: What factors or models were the quants using to uncover gold’s meteoric rise this year?
Since before recorded human history, the people of India have had an insatiable appetite for gold, treasuring it not only for its flawless natural beauty and religious significance but also as a superb store of value.
Frank Holmes says royalty and streaming companies show great opportunity on the upside but avoid many of the risks that explorers and producers must deal with.
Unlike fiat money, of which we can always print more, there’s only so much recoverable gold in the world. And despite the best efforts of alchemists, we can’t recreate its unique chemistry in a lab. The only way for us to acquire more is to dig.
Only time will tell which candidate will be triumphant in November, but in the meantime, one of the winners might very well be gold, which has traditionally attracted investors in times of political and economic uncertainty.
The day after the referendum, gold jumped nearly 5 percent and since then has held above $1,300 an ounce, helping to achieve its best first half of the year since 1974.
This year, global production is expected to level out as project development budgets were slashed during the three-year gold bear market. But with gold prices rebounding, miners are in a good position to be much more profitable.
This year’s first quarter is one for the history books. Not only did gold appreciate at its fastest pace in 30 years, but demand for the yellow metal was the strongest it’s ever been on record.
“There’s a healthy appetite for streams right now.”
Gold owes a lot of its success this year to negative real interest rates, something it didn’t have on its side in early 2015.
Plunging oil prices, rising market volatility, surging global debt—it’s all beginning to remind some investors of 2008.
Who says gold lost its appeal as a safe haven asset?
Despite all the talk of rising interest rates in connection to gold, they’re not a dominant driver of prices says Frank Holmes of US Global Investors.
September 11 is a day when we pause and reflect on where we were when—when the towers came crumbling down, when our nation’s capital came under attack, when so many lives were cut short, when so many heroes rushed in.
A few legendary influencers are making huge bets right now on commodities, an area that’s faced—and continues to face—some pretty strong headwinds.
Gold’s many qualities make it one of the most coveted metals in the world.
The leveraged gold futures derivatives market is knocking down the precious metal, yet in massive contrast, this drop has ignited...